🚨 Bit Digital Raises $162.9M to Build Ethereum Treasury — Exits Bitcoin Mining! 🔁💥
In a bold strategic pivot, Bit Digital has officially exited Bitcoin mining and is going all-in on Ethereum.
🔹 Raised $162.9M via public share offering
🔹 Already holds 24,434 ETH (≈ $59.8M)
🔹 Plans to convert 417.6 BTC (≈ $44.9M) into more ETH
Why it matters:
✅ Signals growing institutional confidence in Ethereum
✅ ETH is becoming a treasury asset — not just a smart contract layer
✅ Could inspire more firms to shift from mining to holding
Follow me @CryptoJourney1 for the latest on ETH adoption, treasury trends, and major market moves that smart investors are watching.
#Ethereum #ETH #BitDigital #CryptoNews #BitcoinExit
